X-ray Non-destructive Testing (NDT) Market To Reach US$ 807.5 Mn By 2023: Credence Research
According to a new market report published by Credence Research Inc “X-ray Non-destructive Testing (NDT) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023,” the global x-ray NDT market is predicted to witness significant growth with improving outlook of end-use industries such as oil and gas, industrial manufacturing, defense and aerospace and automotive, power and construction. Browse for Full Report At http://www.credenceresearch.com/report/x-ray-non-destructive-testing-ndt-market
According to a new market report published by Credence Research Inc “X-ray Non-destructive Testing (NDT) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023,” the global x-ray NDT market is predicted to witness significant growth with improving outlook of end-use industries such as oil and gas, industrial manufacturing, defense and aerospace and automotive, power and construction.
Browse for Full Report At http://www.credenceresearch.com/report/x-ray-non-destructive-testing-ndt-market
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X-<strong>ray</strong> <strong>Non</strong>-<strong>destructive</strong> <strong>Testing</strong> (<strong>NDT</strong>) <strong>Market</strong> <strong>To</strong> <strong>Reach</strong><br />
<strong>US$</strong> <strong>807.5</strong> <strong>Mn</strong> <strong>By</strong> <strong>2023</strong>: <strong>Credence</strong> <strong>Research</strong><br />
According to a new market report published by <strong>Credence</strong> <strong>Research</strong> Inc “X-<strong>ray</strong> <strong>Non</strong>-<strong>destructive</strong> <strong>Testing</strong><br />
(<strong>NDT</strong>) <strong>Market</strong> - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - <strong>2023</strong>,” the global<br />
x-<strong>ray</strong> <strong>NDT</strong> market is predicted to witness significant growth with improving outlook of end-use industries<br />
such as oil and gas, industrial manufacturing, defense and aerospace and automotive, power and<br />
construction.<br />
Browse for Full Report At http://www.credenceresearch.com/report/x-<strong>ray</strong>-non-<strong>destructive</strong>-testingndt-market<br />
As of 2015, the global X-<strong>ray</strong> non-<strong>destructive</strong> testing equipment application market was dominated by the<br />
oil and gas end-use segment in terms of both revenue and volume. The revenue and volume share of the<br />
segment stood at 32.8% and 31.9% respectively in the same year. The digital X-<strong>ray</strong> inspection systems are<br />
increasingly used in both downstream (refining of petroleum crude oil and processing of raw natural gas)<br />
and upstream sectors (oil and gas wells) to not only detect corrosion and erosion, but also for accurate<br />
measurement of wall thickness and weld quality in pipes. Industries like aerospace, semiconductors, and<br />
power generation are placing great importance on precision engineering, detailed inspection and quality<br />
management. This, in turn is driving demand for advanced X-<strong>ray</strong> inspection equipment in these segments.<br />
In the base year of 2015, North America (comprising U.S., Canada, and Caribbean Islands) was the largest<br />
X-<strong>ray</strong> non-<strong>destructive</strong> testing equipment market worldwide. The region accounted for over 38% of the<br />
global market revenue in the same year. The U.S. represents the largest individual X-<strong>ray</strong> non-<strong>destructive</strong><br />
testing equipment market worldwide. Multitude of research in the field of non-<strong>destructive</strong> testing coupled<br />
with substantial investments made in energy projects, especially in oil and gas sector are primarily driving<br />
the market growth in North America. On the other hand, Asia Pacific is presumed to witness maximum<br />
growth, offering healthy growth and investment.<br />
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/technology-andmedia<br />
The global X-<strong>ray</strong> <strong>NDT</strong> equipment market is highly fragmented in nature with existence of several regional<br />
as well as global players in the market. However, due to large number of players, the market has emerged<br />
highly competitive over the period of time. Thus, majority of the market players emphasize on<br />
development of innovative solutions related to the X-<strong>ray</strong> <strong>NDT</strong> technology. The overall risk of new entrants<br />
is relatively low in the market. This is majorly due to complex regulations and safety codes requiring<br />
significant industry experience, high cost and time-consuming certification processes and high initial
capital requirement. Thus, market players emphasize on increasing business with their existing customers<br />
and also within the existing industry verticals. Some major players in the global x-<strong>ray</strong> non-<strong>destructive</strong><br />
testing (<strong>NDT</strong>) market include YXLON International GmbH, GE Inspection Technologies LP, COMET Group,<br />
Rigaku Corporation, MISTRAS Group Inc, Nikon Metrology, Teledyne DALSA Inc and others.<br />
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